This story notes the passing of an American icon:
Polaroid Corp., the Massachusetts company that gave the world instant film photography, is shutting down its film manufacturing lines in the state and abandoning the technology that made the company famous.
“The Norwood plant is shutting down, and we will soon be winding down activities at the Waltham facility as well,” said Kyle MacDonald, senior vice president of Polaroid’s instant photography business segment. The closures, set for completion during this quarter, will eliminate about 150 jobs. In the late 1970s, Polaroid employed about 15,000 in Massachusetts.
The Norwood and Waltham plants make large-format films used by professional photographers and artists. Polaroid also makes professional-grade films in Mexico, and its consumer film packs come from a factory in the Netherlands. All these plants are slated for closure this year. Polaroid chief operating officer Tom Beaudoin said the company is interested in licensing its technology to an outside firm that could manufacture film for faithful Polaroid customers. If that doesn’t happen, Polaroid users would have to find an alternative photo technology, as the company plans to make only enough film to last into next year.
Polaroid has already quietly halted production of instant cameras. “We stopped making commercial-type cameras about 18 to 24 months ago, and we stopped making consumer cameras about a year ago,” said Beaudoin.
“It’s about time,” said Ron Glaz, director of digital imaging program at IDC Corp. “The fact that they’re getting out of film makes complete sense.”
In the years following World War II, Polaroid’s instant photography products established the company as one of Massachusetts’ leading industrial concerns, and made its brand name famous worldwide. But in the late 1980s the company went deeply into debt to fend off a hostile takeover. It invested heavily in products that failed and was unprepared for the surging popularity of digital cameras. By 2001, Polaroid was forced into bankruptcy; privately held Petters Group Worldwide of Minnetonka, Minn., bought the company’s remaining assets in 2005.